Harrod-neutral technical progress - Oxford Reference

Technical progress which increases the efficiency of labour, so that the labour force in efficiency units increases faster than the number of workers available. Technical progress of this form is thus labour-saving. It is contrasted with Hicks-neutral technical progress, where the efficiency of all factors increases in the same proportion. See also technical progress. From: Harrod-neutral technical progress in A Dictionary of Economics » Subjects: View all related items in Oxford Reference » Search for: 'Harrod-neutral technical progress' in Oxford Reference » PRINTED FROM OXFORD REFERENCE (www.oxfordreference.com). (c) Copyright Oxford University Press, 2023. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single entry from a reference work in OR for personal use (for details see Privacy Policy and Legal Notice). Subscriber: Stanford University; date: 20 August 2025 Character limit 500/500 Character limit

Technical progress which increases the efficiency of labour, so that the labour force in efficiency units increases faster than the number of workers available. Technical progress of this form is thus labour-saving. It is contrasted with Hicks-neutral technical progress, where the efficiency of all factors increases in the same proportion. See also technical progress. From: Harrod-neutral technical progress in A Dictionary of Economics » Subjects: View all related items in Oxford Reference » Search for: 'Harrod-neutral technical progress' in Oxford Reference » PRINTED FROM OXFORD REFERENCE (ww